Inflation Figures Give Conflicting Signals
Washington, DC, July 17, 2007--The Producer Price Index for Finished Goods fell 0.2 percent in June, the U.S. Department of Labor reported today.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Homebuilder Sentiment Hammered
Washington, DC, July 17, 2007--A key housing market index fell in July, reflecting the two-year downtrend in the housing industry.
MBA: Mortgage Apps Up Slightly Last Week
Washington, DC, July 18, 2007--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 13, 2007.
Majority of Internet User Watch Online Video
Reston, VA, July 18, 2007--comScore today released its comScore Video Metrix report for May 2007, revealing that nearly 75 percent of U.S. Internet users watched an average of 158 minutes of online video per user during the month.
Architecture Billings Index Hits 1 Year High
Washington, DC, July 18, 2007--Following an almost three- point spike in May, the Architecture Billings Index zoomed up more than four points in June, reaching its highest mark of the year.
Report: Economy to Benefit from Higher Bond Yields
New York, NY, July 18, 2007--The Conference Board says today that after a very long wait, long-term Treasury bond yields have begun to reflect a better outlook for the U.S. economy.
Formica Intros Cordelia Collection
Barnwell, SC, July 18, 2007--Formica Flooring has created a new Cordelia Collection.
June Housing Starts Up 2.3% After May Decline
Washington, DC, July 18, 2007--Housing starts rose 2.3% to a seasonally adjusted 1.467 million annual rate in June, according to the Commerce Department. In May starts were off 3.4% to 1.434 million, adjusted from an originally estimated 2.1% decline.
Report: KKR Mulling Macy's
New York, NY, July 18, 2007--Private equity firm Kohlberg Kravis & Roberts Co. is studying a bid to buy Macy's Inc. for about $24 billion, according to an online trade report.
Consumer Prices Index Up 0.2%
Washington, DC, July 18, 2007—The consumer prices index rose 0.2% in June, the smallest gain in five months, according to the Labor Department.